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What will be Aave's next major milestone in weekly active borrowers by the end of 2024?
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Aave's official statistics or reputable blockchain data aggregators
Story
Aave Hits Record 40,000 Weekly Borrowers, Sees $6M Revenue Boost
Aug 15, 2024, 04:00 AM
Aave, a prominent decentralized finance (DeFi) platform, has achieved a significant milestone by reaching an all-time high in weekly active borrowers. Last week, the platform recorded 40,000 active borrowers, indicating a resurgence in DeFi activity. This growth in on-chain crypto loans suggests a potential revival in the decentralized finance sector. Additionally, Aave experienced a revenue increase of up to $6 million following last week's market fluctuations. The platform's founder, Stani Kulechov, confirmed these developments, highlighting Aave's continued success in the crypto lending space.
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